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if corporate taxes were lowered so u.s. businesses could better compete globally. he also said his bank is assembling a war room to prepare for the coming fiscal cliff of spending cuts and tax increases that's slated to hit the economy this january. looks like steve balmer's tax bill will be smaller, the microsoft c.e.o. bonus was choped in half as the online services division failed to meet the board's growth charges. according to a regulatory filing, ballmer's bonus was cut to just over $600,000. microsoft shares fell slightly today, to just under $29 a share, still they're up 13% on the year. and finally tonight, as we focus on retail and the upcoming holiday season, what do you get for the person who has everything? how about his very own jet pack, perfect for shooting off to those last minute meetings. if that's not your speed, 54,0 will hook you up wi a ecial ition mcclaren 12c spider, one of just 12 made. you guessed it, the neiman marcus christmas book is hot off the presses, with lots of over- the-top, one-of-a-kin
if corporate taxes were lowered so u.s. businesses could better compete globally. he also said his bank is assembling a war room to prepare for the coming fiscal cliff of spending cuts and tax increases that's slated to hit the economy this january. looks like steve balmer's tax bill will be smaller, the microsoft c.e.o. bonus was choped in half as the online services division failed to meet the board's growth charges. according to a regulatory filing, ballmer's bonus was cut to just over...
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. >> that taxes on middle income people. i won't raise taxes on the person people. >> there is no republican that won without winning there. a new poll of voters shows the president's lead slung to four points. and there is last night, slamming romney. >> we reinvented a dying auto industry supporting one in eight ohio jobs. >> with the race tightening the showdown has greater stakes vice president biden expected to come out and challenge ryan. >> i've been doing mostly is frankly studying up on congressman ryan's position. on the issues. i don't want to say anything that is not accurate. >> and the. >> joe is just going to come flying at us. it's -- it seems clear this strategy is just calling us liars. and this is to go into a mud pit. >> both are well versed on policy issues so a challenge both may be trying to explain without getting too into the weeds and turning off voters at home. >> there is abc 7 broadcasting the live debate tomorrow night at 6:00 and after that the new drama "last resort". at 10 there is a special
. >> that taxes on middle income people. i won't raise taxes on the person people. >> there is no republican that won without winning there. a new poll of voters shows the president's lead slung to four points. and there is last night, slamming romney. >> we reinvented a dying auto industry supporting one in eight ohio jobs. >> with the race tightening the showdown has greater stakes vice president biden expected to come out and challenge ryan. >> i've been doing...
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your man's the only guy who thinks tax reform means higher tax rates. you're the only one. >> can i please respond here? >> i want you to. >> in every single budget he has produced, there has been a cap on itemized deductions for people above $250,000. they can only deduct the 28%, not 35% or 39%. and it raises half a trillion dollars over ten years. it's in every one of his budgets. please don't tell me it's not. i can show you where it is. >> arthur laffer, explain this to me. >> the key here is lowering rates. jared, i do agree with you, we need to raise taxes. but we don't need to raise tax rates. what we need to do is increase growth output employment and get -- you can't balance the budget on the backs of the unemployed. it just doesn't happen. >> i agree. art, you are 100% right. and by the way, i'm not where you guys are on the lower -- >> you will be with us soon, jared. >> you're elasticties for your tax rate declines are way too large, in my humble opinion. but i'm ready to go with you if you can identify how you're going to fill that hole. m
your man's the only guy who thinks tax reform means higher tax rates. you're the only one. >> can i please respond here? >> i want you to. >> in every single budget he has produced, there has been a cap on itemized deductions for people above $250,000. they can only deduct the 28%, not 35% or 39%. and it raises half a trillion dollars over ten years. it's in every one of his budgets. please don't tell me it's not. i can show you where it is. >> arthur laffer, explain...
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what $5 dream tax cut? i don't know anything about a $5 during tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he is asked how he will cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he has been saying every time he's asked a question. "well, we can cut out pbs." for all your moms and kids, don't worry, summit is finally getting tough on big bird. >> mitt romney criticize president obama for focusing on what he called "saving the big bird swo." >> these are tough times with tough issues for you have to scratch your head when you to the president's been in the last week talking about big bird. [applause] i actually think we need a president who talks about saving the american people and setting good jobs and saving our future. >> ohio is asking the supreme court to overturn a federal pills ruling that struck down the state's effort to prevent early voting the weekend before the election. although as republican controlled legisl
what $5 dream tax cut? i don't know anything about a $5 during tax cut. pay no attention to that tax cut under the carpet behind the curtain. when he is asked how he will cut the deficit, he says he can make the math work by eliminating local public funding for pbs. now, by the way, this is not new. this is what he has been saying every time he's asked a question. "well, we can cut out pbs." for all your moms and kids, don't worry, summit is finally getting tough on big bird. >>...
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more huge tax breaks skewed to the wealthy. while e cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? alexis dougli : i can remember when i was younger and... my family was not necessarily financially stable. we were poor. anncr: then alexis got a job at the mgm casino in michigan. and it changed her life. alexis: i started as a wardrobe clerk. but then i was able to work my way up. i got a 401k, i have health insurance... and i make great money. anncr: in maryland, question seven will create... twelve thousand jobs. from hotel and restaurant staff to accountants... and construction workers. alexis: if you want a great place to work with good pay... and great benefits, vote for question seven. ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] combine the pnc cashbuilder visa credit card with a qualifying pnc perfo
more huge tax breaks skewed to the wealthy. while e cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? alexis dougli : i can remember when i was younger and... my family was not necessarily financially stable. we were poor. anncr: then alexis got a job at the mgm...
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but the tax issue was probably a fluke. let's try his answer on regulation. >> regulation is essential. you can't have a free market work without regulation. >> it's essential. so essential that he's actually said this. >> this president has enacted job killing regulations. i'll eliminate them. >> regulation is so essential that it must be eliminated. but don't worry, he was playing it straight on coverage for pre-existing conditions. >> actually, it's a lengthy description but, number one, pre-existing conditions are covered under my plan. >> it's a lengthy descriptn. but the bottom line is pre-existing conditions are covered, right? >> people with pre-existing conditions, as long as they have been insured before, they are going to be able to have insurance. >> what if they were never insured. >> if they are 45 years old and show up i want insurance because i have a heart disease, we can't play the game like that. >> the governor is right about one thing, you can't play the game like that. you can't change who you are when
but the tax issue was probably a fluke. let's try his answer on regulation. >> regulation is essential. you can't have a free market work without regulation. >> it's essential. so essential that he's actually said this. >> this president has enacted job killing regulations. i'll eliminate them. >> regulation is so essential that it must be eliminated. but don't worry, he was playing it straight on coverage for pre-existing conditions. >> actually, it's a lengthy...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> it is time. it is time for the "lightning round." on cramer's you say the name -- >> buy, buy, buy! >> sell, sell, sell! >> when i play this sound -- [ buzzer ] >> -- and then the "lightning round" is over. are you ready, skee-daddy? let's start with dave in michigan. dave? >> caller: hey, jim, big detroit tiger boo-yah to you. >> nice. good luck. what is up? >> caller: hey, jim, agnc. i've got it in my retirement fund, and it's been dropping like a rock. and they're saying it's because of qe3. what do you think? >> look, there are issues involving the fact that these particular mortgage real estate investment trusts should not do as well in this particular environment. i think the yield, i think the dividend could go down a little, i don't know. to me, this one and anna lee, they have navigated almost e
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> it is time. it is time for the "lightning round." on cramer's you say the name -- >> buy, buy, buy! >> sell, sell, sell! >> when i play this sound -- [ buzzer ] >> -- and...
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WRC
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my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. ♪ ♪ [ male announcer ] combine the pnc cashbuilder visa credit card with a qualifying pnc performance select checking account and earn 75% more than cards earning 1% cash back on almost everything. >>> this is in fact a historic day in washington with the first home team play-off game in 79 years. >> although things didn't go too well for the nats today, the fans were celebrating the return of postseason baseball. pat collins is at nationals park where he watched the game with the fans. hi, pat. >> reporter: hi, doreen. hey, where is everybody? you know, this day of celebration turned into a night of concern. 8-0. 8-zip. what happened here? what went wrong? >> our pitching. we can't pitch all of a sudden. nobody can pitch. >> not enough confidence. that's the defending champs right there. not enough confidence. >> got to get th
my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. ♪ ♪ [ male announcer ] combine the pnc cashbuilder visa credit card with a qualifying pnc performance select checking account and earn 75% more than cards earning 1% cash back on almost everything. >>> this is in fact a...
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it cuts taxes further. beyond the bush tax cuts for the wealthy. i think there's still a lot of back and forth flip-flopping whatever you want to call it strategic ambiguity what mitt romney is saying. host: let's go to stamford, connecticut,bob you're up next. caller: good morning. i'm an informed voter and i spent 30 plus years in the consulting industry and i don't know how to create jobs and people would have you believe is possible. there's a number of factors that led to the current condition and i don't hear anybody talking about what's going to be done to alleviate those factors. going to give you a couple examples. one is the banks. the availability of money. two, is the confidence in wall street. so many got burned, very few people private investors, want to take chance on investing money. three oil, the war in iraq, restricted the flow out of one of the major producers when congress petitioned for that oil around the world which was increasing at a dramatic rate. finally, new industries, previously in all of the recoveries there were alw
it cuts taxes further. beyond the bush tax cuts for the wealthy. i think there's still a lot of back and forth flip-flopping whatever you want to call it strategic ambiguity what mitt romney is saying. host: let's go to stamford, connecticut,bob you're up next. caller: good morning. i'm an informed voter and i spent 30 plus years in the consulting industry and i don't know how to create jobs and people would have you believe is possible. there's a number of factors that led to the current...
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additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close some corporate loopholes. i want to be honest with people. we can't eliminate this deficit. people have heard that over and over and over in four years. we cannot do it. we're in too deep a hole. but we can cut the deficit in half and move this country back on a path to fiscal responsibility >> 90 seconds, mr. vice president. >> the kerry record on taxes is one basically of voting for a large number of tax increases, 98 times in the united states senate. there's a fundamental philosophical difference here between the president and myself, who believe we ought to let the american people keep more
additional tax cuts to middle-class families, tax cuts for healthcare, tax cuts to help families pay for their college tuition, tax cuts for childcare. these families are struggling and hurting and they need more tax relief, not less tax relief. but to help get us on the path to a balanced budget, we want to get rid of some of the bureaucratic spending in washington. they've actually layered on more supervisory people, people at the supervisory level in this government. we also want to close...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> a news alert out of fairfax county. vre passengers stranded after someone was hit by a train. the accident happened around 2 fine this afternoon between burk center and monasses park. the virginia railway express system cancelled several tray trains. vre said the person who was hit was terrorist passing on the track comes there is no word on their condition. >>> prince georges county authorities arrested a man accused of abducting his son this morning in hyattsville. the man, who they are not naming yet, got into the mother's car at this exxon station and door off with the four-year-old. the man is charged with armed carjacking and assault and police have not said who was assaulted, he is not being char
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> a news alert out of fairfax county. vre passengers stranded after someone was hit by a train. the accident happened around 2 fine this afternoon...
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my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >>> there is no joy in mudville today. dan, oh, goodness gracious. that was kind of ugly. >> reporter: yeah. wendy and jim, that was just brutal. the nationals now have to win two games in a row. the good news is, they've done that plenty of times this season. the cardinals are the world series champion for a reason. they came out on fire. put a few runs on the board in the second inning, just as they did in game two in st. louis. 8-0 is the final. the nationals now trailing the series two games to one, and they will have to win back-to-back games to advance. let's take a look at the lowlights here at nationals park. a soldout crowd. very good crowd, as edwin jackson gets the start in the nationals' first postseason start since 1933. two out in the first. pitch into left field kocorner. 1-0, very quickly. top two now, same score. t
my tax reform plan to lower rates for the middle class and for small business creates seven million more. and expanding trade, cracking down on china, and improving job training takes us to over 12 million new jobs. i'm mitt romney, and i approve this message. >>> there is no joy in mudville today. dan, oh, goodness gracious. that was kind of ugly. >> reporter: yeah. wendy and jim, that was just brutal. the nationals now have to win two games in a row. the good news is, they've...
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tax act is in different market. it is in the consumer do it yourself in the tax preparation software business. we're excited about both businesses. david: blucora has had quite a history. it survived the dot-com bust, reinventing several times. looks like it is sort of reinventing itself this time getting involved in a very competitive field. going up against turbotax, h&r block. you succeeded before. how difficult is it to redefine where the company is going? >> well, certainly the, infospace history is one that dates back to the mid-'90s in terms of the company forming and later going public and through the course of its history it has own ad number of different businesses all having common charactertics in that they're become online and digital markets. more recently, as you mentioned we acquired tax act and announced that earlier this year. it is a wonderful business that's focused, we discussed in the tax preparation software business, really focusing on consumer empowerment and providing tools for individual t
tax act is in different market. it is in the consumer do it yourself in the tax preparation software business. we're excited about both businesses. david: blucora has had quite a history. it survived the dot-com bust, reinventing several times. looks like it is sort of reinventing itself this time getting involved in a very competitive field. going up against turbotax, h&r block. you succeeded before. how difficult is it to redefine where the company is going? >> well, certainly the,...
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siegel, that it is congress that sets tax policy in this country, do you really expect tax structure in this country change should governor romney win the election? >> i'm only listening to what president obama is saying, and that is raise the taxes on the wealthy. that's me and the other small business owners around the country. >> and that upsets you so much that you literally say i'm going to go sit on a beach, shut down the whole thing? connect those dots for me. taxes go up, and so -- >> you're taking things out of context. >> okay. >> you know, this is not speculation. i have lived the last four years under the obama administration, and i've watched my company be cut in half. today we're very profitable, and i don't want to go through another four years under the obama administration where i have to downsize again. >> you cut the company in half as a result of tax policy? is that what happened? >> no, it had nothing to do with tax policy. it had to do with the tightening of the banks. tightening of money. when they gave t.a.r.p. money to the banks, they should have told them to
siegel, that it is congress that sets tax policy in this country, do you really expect tax structure in this country change should governor romney win the election? >> i'm only listening to what president obama is saying, and that is raise the taxes on the wealthy. that's me and the other small business owners around the country. >> and that upsets you so much that you literally say i'm going to go sit on a beach, shut down the whole thing? connect those dots for me. taxes go up,...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> i'm wolf blitzer. here's a look at what's ahead in the next couple of hours. we're learning new details on what the vice president joe biden is doing to prepare for tomorrow night's debate. also, our john king is focusing in on a key group of ohio voters who could decide the election. and forg funding big bird. what about joe biden's favorite ride? we're talking amtrak. we'll explain. stand by. you're in "the situation room." >>> with just 27 days to go until the election, democrats say mitt romney is running to the political center as fast as he can. among other things, they're pointing to romney's comments today about abortion. here's a quick snapshot. >> mitt romney said "there's no legislation with regards to abortion that i'm familiar with that would become part of my agenda." and that statement doe
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> i'm wolf blitzer. here's a look at what's ahead in the next couple of hours. we're learning new details on what the vice president joe biden is doing to prepare for tomorrow night's debate. also, our john...
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. >> narrator: he had changed his rhetoric on gun rights, gay rights, climate change and the tax pledge. he lost in iowa, new hampshire and florida. just one month into the primaries, romney's campaign was over. >> i entered this race because i love america. i feel i have to now stand aside for our party and for our country. >> narrator: romney had fallen short, unable to secure the presidential nomination. (crowd chanting): mitt! mitt! >> the mitt romney in 2008 was partly a politician and very much a business person and totally a novice to what it meant to be a national candidate. >> narrator: he had spent $45 million of his own money on the campaign. >> on the plane back to boston, following his announcement, he turned to me and he said, "eric, what are you going to do? we've got to figure out what our people are going to do. they're going to be moving on into other jobs." this was not a person who was thinking about running again for president. i think he felt he had his opportunity and the door had closed to him. . >> it's a whole new political world for the president. >> narrator:
. >> narrator: he had changed his rhetoric on gun rights, gay rights, climate change and the tax pledge. he lost in iowa, new hampshire and florida. just one month into the primaries, romney's campaign was over. >> i entered this race because i love america. i feel i have to now stand aside for our party and for our country. >> narrator: romney had fallen short, unable to secure the presidential nomination. (crowd chanting): mitt! mitt! >> the mitt romney in 2008 was...
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versus the capital gains tax. if the dividend tax becomes higher than the capital gains tax, it might pay to sell your stocks and get your income from selling 5% of the corpus of your portfolio as opposed to taking a 5% dividend. these are the type of issues i think people aren't really thinking about when it comes to the changes in the tax laws and what should we do. we're all just searching for income. it may be you want to take capital gains. >> i do think a lot of these questions are going to be head winds for the market. i think, you know, overall when you do have a lot of this uncertainty about how are my investments going to be treated, i think you can see a lot of people just start to pull money off the table, except maybe where you see companies that are actually showing some enthusiasm that we see a possible pattern. >> if i could point out the alternatives here, guys. we didn't talk about buying back stock. there's evidence that may be a very effective investment strategy as well. i know this has been a
versus the capital gains tax. if the dividend tax becomes higher than the capital gains tax, it might pay to sell your stocks and get your income from selling 5% of the corpus of your portfolio as opposed to taking a 5% dividend. these are the type of issues i think people aren't really thinking about when it comes to the changes in the tax laws and what should we do. we're all just searching for income. it may be you want to take capital gains. >> i do think a lot of these questions are...
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the health-care law and potential tax increases causing companies right now to change hiring plans. liz macdonald is here with the bottom line. great story. liz: we spoke to darden restaurants. one of the top three employers in the country. they own olive garden and red lobster. here is what they are telling fox business about the effect of hiring. they are testing four market's going through part-time workers, i'm not full time workers and considering more part-time jobs, there's no flexibility in it at all. here is the problem and the bottom line. high cost of affordable care hitting the restaurant industry and they have half of their work force already as part time because there is a lot of turnover in the industry. 75% of part-time speaking of the shift so you are not hit with a mandate tax if you don't provide coverage to part-timers. if you are below the 30 hour work week, provide health insurance for those guys but here's the problem. we did have these planned. shea benefits plans and health reform outlawed because they did not provide the benefit level the health reform bill
the health-care law and potential tax increases causing companies right now to change hiring plans. liz macdonald is here with the bottom line. great story. liz: we spoke to darden restaurants. one of the top three employers in the country. they own olive garden and red lobster. here is what they are telling fox business about the effect of hiring. they are testing four market's going through part-time workers, i'm not full time workers and considering more part-time jobs, there's no...
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here is david segal talking about taxes on effect of hiring at hits company. here is david siegel. >> with the new obamacare coming in and now the threat of higher taxes, it just means less money to expand our business. i wanted my employees to be informed as to what the results could be of them both, voting for the wrong candidate. >> more part-time jobs coming into the economy. here is dart den restaurants. considering more part-time jobs to address health reform costs. telling fox business the law is so rigid there is no flexibility in it at all. hear is the deal, hear is the bottom line. basically the high cost of affordable care. if you work 30 hours a week you are supposed to be getting health insurance. if you go below 30 hours you don't get health insurance. if the company doesn't provide you 30 hours a week, the company pay as fine of 3 tow per worker. the incentive to drop below the 30 hour per week water mark. the problem these companies, restaurants like darden which owns olive garden and longhorn steakhouse, they were providing cheap health care c
here is david segal talking about taxes on effect of hiring at hits company. here is david siegel. >> with the new obamacare coming in and now the threat of higher taxes, it just means less money to expand our business. i wanted my employees to be informed as to what the results could be of them both, voting for the wrong candidate. >> more part-time jobs coming into the economy. here is dart den restaurants. considering more part-time jobs to address health reform costs. telling...
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for the tax experts. that scares away small and larger size businesses from coming to california. >> absolutely. that was going to be my next question, to what degree are businesses slashing individuals leaving your state right now? >> we don't see a huge exodus but what we are concerned about is that businesses that are existing here in the state, they're growing elsewhere. we want those jobs, we want those sales activity, we want the research and development attached to that company happening here in california. >> let's bring madelyn in. >> in terms of the gas spike hurting small businesses, madelyn is the president and owner of marie's italian kitchen. which is a chain of ten italian restaurants throughout southern california. madelyn, i want to -- okay. i want to ask you first of all how the gas price spike is hurting the customers that come to your chain. >> well, we haven't really -- i don't think all of our kwus mers ha customers have been affected by it yet because many haven't gone to the pump t
for the tax experts. that scares away small and larger size businesses from coming to california. >> absolutely. that was going to be my next question, to what degree are businesses slashing individuals leaving your state right now? >> we don't see a huge exodus but what we are concerned about is that businesses that are existing here in the state, they're growing elsewhere. we want those jobs, we want those sales activity, we want the research and development attached to that...
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you try to delve into that question with him, his big mantra was flatter, fairer, simpler taxes. if you tried to get him to be specific on tax policy, he would immediately become evasive and wro rotate into his stump speech. you can't get him to answer questions. and you can see when he was pressed to answer a specific question, he would get a little surly. >> we will check -- we'll check his surly factor tomorrow night and see how specific he can get and same holds true for the vice president. but also from what i read, lydia, as you described it, at the time, we point out 28-year-old paul ryan, unmarried, you know, no kids, was turning up at these events with his sister-in-law, and her baby, and from what i can tell, you're suggesting that he was suggesting that this was his family, that this was his wife, his child. >> well, you know, he was creating visual wallpaper throughout the course of his campaign. not only was he out on the trail with extended family members and that left a visual impression on the minds of a lot of folks, but even in his campaign ads he was creating t
you try to delve into that question with him, his big mantra was flatter, fairer, simpler taxes. if you tried to get him to be specific on tax policy, he would immediately become evasive and wro rotate into his stump speech. you can't get him to answer questions. and you can see when he was pressed to answer a specific question, he would get a little surly. >> we will check -- we'll check his surly factor tomorrow night and see how specific he can get and same holds true for the vice...
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and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that waste. and i think we have to look at it through the budget process. so i think it's very important during the budget process -- i wasn't on the budget committee this last year, but i do hope to sit on the budget committee in the next year. and i think that we need to make some of the hard political decisions and that is why i think a lot of waste does continue on the upper level because no one is willing to really take a hard look and make those very difficult decisions. i think that sometimes when you look at programs, i think some of the information that hope johnson mentioned about the sunshine task fo
and why are they not -- twitter got a tax break, a payroll tax break, but it was a lot more than that the public didn't hear about. we pay for a muni bus that is dedicated directly and only to where interstate twitter is located. they can afford to pay for a muni bus. they are also getting a police station, their own police substation. >> thank you, miss olague. >> it's easy to talk about the waste in upper management, but i think what we need is the political will to challenge that...
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the tax breaks are amazing. the question everyone will be asking -- do billionaires pay $90 million for an apartment really need a tax break? a tax break aimed at low income folks? we'll dive into that issue next on "power lunch." [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. w
the tax breaks are amazing. the question everyone will be asking -- do billionaires pay $90 million for an apartment really need a tax break? a tax break aimed at low income folks? we'll dive into that issue next on "power lunch." [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade....
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i here all this talk about the death tax, the estate tax. this will give a windfall to these people. all this money going to these privileged people who built these businesses, made all this money. it's their money. which is to back to we have a country built on equal rights where you can make the most of your life, get up, work hard, take risks, become successful, create jobs, grow businesses, do well, aaron success. yes. pass it on to your kids. what on earth is wrong with that. that is the american dream. and to my friends on my side of the aisle who simply don't like some of the spending, i don't like it either. let's cut the spending next year when we're in charge. there is junk in the tax code. everybody agrees with this. this is advancing some of the junk in the tax code, and when i say to my friends next year, let's get rid of that junk, but right now let's not hit the american people with a max of -- massive tax increase. if we want to get the deficit going down there are two things we need to be doing. we need to cut spending and g
i here all this talk about the death tax, the estate tax. this will give a windfall to these people. all this money going to these privileged people who built these businesses, made all this money. it's their money. which is to back to we have a country built on equal rights where you can make the most of your life, get up, work hard, take risks, become successful, create jobs, grow businesses, do well, aaron success. yes. pass it on to your kids. what on earth is wrong with that. that is the...
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>>> taxes, education, reproductive rights when you're mitt romney what's wrong with a little change of heart? it's wednesday, october 10th, and this is "now." >>> joining me today, msnbc political analyst and georgetown university professor michael eric dyson, the golden throat. the host of msnbc's the cycle steve kornacki, msnbc contributor and queen bee of thegrio.com joy reid and new york times magazine editor mr. sunday morning himself, hugo lingren. there are 27 days to the election, meaning we still have time for 27 new and exciting policy shifts from governor mitt romney. and who better than the country's explainer in chief to outline the paradox of the mittens. >> i had a different reaction to that first debate than a lot of people did. i mean, i thought -- i thought wow. here's old moderate mitt. where you been, boy? i missed you all these last two years. >> call it the merry go mitt. governor romney has completed a full 360-degree rotation, changing his views so many times on -- so many times on some of his core beliefs that he's right back to where he started decades ago. he
>>> taxes, education, reproductive rights when you're mitt romney what's wrong with a little change of heart? it's wednesday, october 10th, and this is "now." >>> joining me today, msnbc political analyst and georgetown university professor michael eric dyson, the golden throat. the host of msnbc's the cycle steve kornacki, msnbc contributor and queen bee of thegrio.com joy reid and new york times magazine editor mr. sunday morning himself, hugo lingren. there are 27...
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, an efficient tax system. it's a far more efficient tax system. so it gets the huge waste in churn, i call fixing costs in our society from a bad tax system, a polluted legal system, uncertainty around things. so, yeah, i think you would have had better growth. and i think it was 4 for 1 or whatever it was. but close enough would have been good enough. doesn't have to be exactly right. if it gets growth going again, remember, growth will pay for a lot once we have growth starting again. >> let's talk about growth. the united states is -- has been now for several years growing at roughly half, what you might call the modern historic rate of economic growth. instead of growing in the mid threes, growing in fiscal '02, giver or take. if you were in a position to more broadly make the case publicly. here are the things we ought to do in order to generate double the rate of economic growth at 3.5%. one would be a comprehensive budget deal like you just mentioned. what else would be on jamie dimon's list? >> let me
, an efficient tax system. it's a far more efficient tax system. so it gets the huge waste in churn, i call fixing costs in our society from a bad tax system, a polluted legal system, uncertainty around things. so, yeah, i think you would have had better growth. and i think it was 4 for 1 or whatever it was. but close enough would have been good enough. doesn't have to be exactly right. if it gets growth going again, remember, growth will pay for a lot once we have growth starting again....
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. how do you get from here... let's say you want to get ahead in your career. to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. in fact, by thinking about where you want your education to lead, while you're still in school, you might find the best route leads somewhere you weren't even looking. let's get to work. >>> i'm frederica wit field in for suzanne malveaux. we're focussing on mitt romney's changing stance on a
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a...
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i will not raise taxes on small business. i'll not raise tax on business. i'll not raise taxes on middle income people. i won't raise taxes at all on the american people. it's a very different approach. when the president was running as a candidate four years ago, he looked at the deficits under president bush and found them to be excessive and unamerican. they're about half as large as the ones he has put in place over each of the last four years. he said he was going to cut the deficit in half. he doubled it. there's no question if he was going to be re-elect, we would see trillion dollar deficits again and again and again. our marshall debt now is almost the same as our total economy, our gdp. this slows down the economy. it makes it harder for businesses to grow and hire more people and to raise wages. so unlike the president, when i finally get this shot, i will cap federal spending. i will cut federal spend and get us on track to a balanced budget. thereby other differences as well. the government is planning on through obama care cutting medicare for
i will not raise taxes on small business. i'll not raise tax on business. i'll not raise taxes on middle income people. i won't raise taxes at all on the american people. it's a very different approach. when the president was running as a candidate four years ago, he looked at the deficits under president bush and found them to be excessive and unamerican. they're about half as large as the ones he has put in place over each of the last four years. he said he was going to cut the deficit in...
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rogerler lynn wants the ability to impose a county wide gas tax. the added revenue would fund transportation projects including the purple line. it comes after martin o mally's attempt to raise the gas tax. >>> take a look. new meaning to the term driving in circles. one driver didn't know how to get around the logan traffic circle in the district. as you see here, he drives through the grass and on the sidewalk to get to rhode island avenue. josh ritz captured this incident. someone called police. we don't know if officers were able to catch up to the driver. when i go to dupont circle, i keep driving until i find my way. you don't drive-through the thing. danella sealock, are people driving in circles as we speak? >> oh, man. still seeing accidents to report. the inner loop of the beltway, central avenue, have a crash in the right shoulder. possibly emergency response is blocking the right lane. let's head to the 14th street bridge. you might be trying to drive in circles to avoid this. not seeing any accidents, just a little bit of delays. your
rogerler lynn wants the ability to impose a county wide gas tax. the added revenue would fund transportation projects including the purple line. it comes after martin o mally's attempt to raise the gas tax. >>> take a look. new meaning to the term driving in circles. one driver didn't know how to get around the logan traffic circle in the district. as you see here, he drives through the grass and on the sidewalk to get to rhode island avenue. josh ritz captured this incident. someone...
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but still it is a huge amount of money and russia's energy minister alexander novak has told me that tax incentives will be provided in order to achieve this indeed ambitious goal . first of all we've created a set of stimulating measures to boost the development of new all deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system we've cut the export tax by five percent on top of that we will take steps to stimulate drilling of hard to reach oil reserves on the shelves. right very quickly cyclical what's happening on the markets this hour in the united states it's looking pretty pessimistic with the dow down to climbing point three percent this is on the back of the i.m.f. actually lowering its global growth forecast by twenty five basis points nasdaq is feeling a bit better driven by apple which is up around one percent ahead of the release of its new i pad model which is scheduled for these seventeen or at least speculate on the russian market is this is the closing picture with the r t s m i six declining around one percent despite hi
but still it is a huge amount of money and russia's energy minister alexander novak has told me that tax incentives will be provided in order to achieve this indeed ambitious goal . first of all we've created a set of stimulating measures to boost the development of new all deposits in siberia secondly for the existence of posits that are unprofitable under the current tax system we've cut the export tax by five percent on top of that we will take steps to stimulate drilling of hard to reach...
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and taxes are the wrongly create growth. i will not raise the taxes on the people. it's a very different approach. [cheers] [applause] when the president was running as a candidate four years ago, he looked at the deficits under president bush and found them to be excessive and un-american. they are about as half as large as the one he has put in place over the last four years. he said he was going to cut the deficit in half and he has doubled it. there is no question, but if he were to be reelected, we would see trillion dollar deficits again and again. our national debt is almost the same now as our total economy, gdp. this slows down the economy. it makes it harder for businesses to grow and hire more people and raise wages. unlike the president, when i finally get this job, i will cap the spending i will cut it and i will get us on track to a balanced budget. >> there are other differences as well. the president is planning on obamacare cutting medicare for current retirees by $716 billion. i think that is wrong. i think
and taxes are the wrongly create growth. i will not raise the taxes on the people. it's a very different approach. [cheers] [applause] when the president was running as a candidate four years ago, he looked at the deficits under president bush and found them to be excessive and un-american. they are about as half as large as the one he has put in place over the last four years. he said he was going to cut the deficit in half and he has doubled it. there is no question, but if he were to be...
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet. >> romney's campaign continuing a blitz of ohio today denying that he's a new moderate but here is what he told the des moines register yesterday. when asked about his agenda on abortion. >> there's no legislation regarding -- with regards to abortion i'm familiar with that would become part of my agenda. >> joining me now, "usa today's" washington bureau chief susan page and "time" assistant managing editor. good morning, both of. >> did you good morning. >> susan, romney's statement appeared to be away from the democrats tried use against them and campaign quickly issued a statement saying mitt romney is pro-life. what is going on with the romney message? >> well, i think romney is -- governor romney is definitely trying to pivot to the middle. we were waiting to do this last spring and early summer when he clinched the republican nomination. he's doing it now kind of on the late side. it is the same sort of more centrist message th
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. pay no attention to that tax cut under the carpet. >> romney's campaign continuing a blitz of ohio today denying that he's a new moderate but here is what he told the des moines register yesterday. when asked about his agenda on abortion. >> there's no legislation regarding -- with regards to abortion i'm familiar with that would become part of my agenda. >> joining me now, "usa today's"...
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tax cuts set to expire, including the bush tax cuts and the payroll tax cut. combined, all of these things could wipe about 5% growth off the economy, throw us into recession and the tax increases from 90% of americans. >> that sounds like the doomsday scenario. i mentioned there's been a stalemate so far, but the pressure is going to month on both sides to get something done. what's the likelihood we end up falling off this fiscal cliff? >> it's teetering right now. we've got eight senators, democrats and republicans, meeting behind closed doors in mt. vernon trying to come to some sort of a compromise, but there are other people who suggest that if we're allowed to go over the cliff, their negotiating power from both sides gains strength. >> let's break this down to the average person and the average family, all right. describe for me what happens to people at various income levels if all of these things actually fall into place. >> so, we're looking at 6% tax increases across the board, but for the lowest 20% of earners, that's about $400. for the middle ea
tax cuts set to expire, including the bush tax cuts and the payroll tax cut. combined, all of these things could wipe about 5% growth off the economy, throw us into recession and the tax increases from 90% of americans. >> that sounds like the doomsday scenario. i mentioned there's been a stalemate so far, but the pressure is going to month on both sides to get something done. what's the likelihood we end up falling off this fiscal cliff? >> it's teetering right now. we've got eight...
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according to the joint committee on taxation, we could save $2.5 billion per year just by eliminating the tax breaks for oil companies. even republicans now agree we should do this, including governor romney. we could fully replenished these embassy security accounts with just a fraction of that amount. restoring our commitment to embassy security could make a real difference to thousands of americans who serve our country overseas, often in extremely dangerous circumstances, as you just stated. i do agree with you that we should act with the utmost urgency. every single moment count. from this day forward, it's my hope that our committee will pearly investigate this matter in a truly bipartisan manner. because our dedicated foreign service personnel and our nation deserve nothing less. with that i yield. >> i thank the gentleman. i might note for the record that i said this side of the desk relative to all of those in the audience. >> mr. chairman, thank you very much. >> although you did not name a particular rule you say i violated -- >> we will provide you with that, but we want to get on
according to the joint committee on taxation, we could save $2.5 billion per year just by eliminating the tax breaks for oil companies. even republicans now agree we should do this, including governor romney. we could fully replenished these embassy security accounts with just a fraction of that amount. restoring our commitment to embassy security could make a real difference to thousands of americans who serve our country overseas, often in extremely dangerous circumstances, as you just...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >>> maryland health officials say three more cases of fungal meningitis have been reported in the state bringing the total there to eight. the c.d.c. says nearly 120 people are reported sick across ten states including 11 deaths, but there are reports of a possible 12th death in florida. some lawmakers are calling for stricter regulation of specialty pharmacies like the one in massachusetts that made the steroids injection. >>> there is outrage over a patdown of a terminally ill airline passenger. michele demage was on the way to hawaii with her family for what she calls an end of life voyage. agents asked her to lift her shirt so they could tee her feeding tubes. she asked for a special room but she was deni
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? >>> maryland health officials say three more cases of fungal meningitis have been reported in the state bringing the total there to eight. the c.d.c. says...
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he says we pay state taxes, federal sacksess, property taxes, sale and use taxes. workers compensation taxes and unemployment taxes i have to hire an entire department to manage all the taxes. i guess even the people who help manage the taxes will probably still have their jobs either way. what do you think about that matt? >> if you take care of taxes and regulations your jobs will probably be booming in the next couple of years in obama is reelected. siegel makes a good point. what he points out is the fact that we are are paying so much in taxes there is a lot of uncertainty going forward that we may be paying more. the united states has the highest corporate rate in the world. if we're going to be taxes them through obama care, another route or higher regulations what is an owner supposed to to do? if that ownre of a company whether it be a billion dollar company or a company with one hundred employees, if you're making less money you're going to have less employees. if you have less employees that means that is one more person out of work. every person that is
he says we pay state taxes, federal sacksess, property taxes, sale and use taxes. workers compensation taxes and unemployment taxes i have to hire an entire department to manage all the taxes. i guess even the people who help manage the taxes will probably still have their jobs either way. what do you think about that matt? >> if you take care of taxes and regulations your jobs will probably be booming in the next couple of years in obama is reelected. siegel makes a good point. what he...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> ah, the bay area teams stay alive in baseball's playoff. we're going to start with oakland against detroit. ace center fielder coco crisp -- i like saying that name -- made the defensive play of the night when he jumped at the wall and caught prince fielder's blast. take another look at it. there it is. the a's used great fielding and pitching to shut out the tigers, 2-0. the team will play game four of their series tonight. detroit leads 2-1. >>> the giants and the reds went to extra innings in cincinnati. reds' third baseman scott rolen bobbled a grounder. there it is, allowing buster posey to score. the giants took a 2-1 lead into the bottom of the tenth and then held on to win the game. the reds host the giants this afternoon, leading the series 2-1. >>> ben balt competes like any other boy, even com
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> ah, the bay area teams stay alive in baseball's playoff. we're going to start with oakland against detroit. ace center fielder coco crisp -- i like saying that name -- made the defensive play of the night...
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the imf urged japan to raise taxes and cut spending. he said government leaders need to take into account how that might affect the cost of social security and whether it might hinder economic growth. italy's central bank governor ignacio visco said european leaders face budget struggles of their own and they, too, worry about slower growth. now, the panelists said government and commercial banks have become closer in recent years. they said they need to prevent the risks faced by countries from spreading to the banking sector. christian from the central bank said a european banking union could break the link between governments and financial institutions and provide some protection. >>> well, indonesia's minister of finance navigated through the risks and she helped steer that country through the transition to democracy and now she's helping other countries implement their reforms as managing director of the world bank. some regions that are developing the fastest are actually seeing some of the worst cases of poverty, significant port
the imf urged japan to raise taxes and cut spending. he said government leaders need to take into account how that might affect the cost of social security and whether it might hinder economic growth. italy's central bank governor ignacio visco said european leaders face budget struggles of their own and they, too, worry about slower growth. now, the panelists said government and commercial banks have become closer in recent years. they said they need to prevent the risks faced by countries...
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the e-mail said that "if any new taxes are levied on me or my company as our current president plans, i will have no choice but to reduce the size of this company." he said he may even consider shutting down the company entirely meaning all 7,000 workers would lose their jobs. if obama wins, he says, "you can find me in the caribbean sitting on a beach with no employees to worry about." now what makes this e-mail even more explosive, simon, is its author, david siegel, the man who built the largest home in america. he and his wife, jackie, built versailles, that 90,000 square foot palace near orlando. the first story was told in the book "the high beta rich." siegel buckled under $1 billion in debt during the crisis, we to lay off 5,000 workers, versailles wanted a technical foreclosure proceedings. the house was put up for sale. siegel says he's back now, he's paid off his lenders and paid off versailles. the company is now the most profitable ever. he told me in the interview last night that he has "enough money to last the rest of my life and for my children." still siegel says he'
the e-mail said that "if any new taxes are levied on me or my company as our current president plans, i will have no choice but to reduce the size of this company." he said he may even consider shutting down the company entirely meaning all 7,000 workers would lose their jobs. if obama wins, he says, "you can find me in the caribbean sitting on a beach with no employees to worry about." now what makes this e-mail even more explosive, simon, is its author, david siegel, the...
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taxes or not support a tax reduction. 94 times. now, that's not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more of what we earn and produce. government's going to have to learn to be more efficient and live with less if that's what it takes to rein in the government growth that we've seen today. but we do need tax relief, and barack obama even supported increasing taxes as late as last year for those families making only $42,000 a year. that's a lot of middle income, average american families, to increase taxes on them? i think that is a way to kill jobs and continue to harm our economy. >> moderator: senator? biden: charge is absolutely not true. barack obama did not vote to raise taxes. the vote she's referring to, john mccain voted the exact same way. it was a budget procedural vote. john mccain voted the same way, it did not raise taxes. number two, using the standard that the governor uses, john mccain voted 477 times to raise taxes. it's a bogus sta
taxes or not support a tax reduction. 94 times. now, that's not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more of what we earn and produce. government's going to have to learn to be more efficient and live with less if that's what it takes to rein in the government growth that we've seen today. but we do need tax relief, and barack obama even supported increasing taxes as late as last year for those families making...
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there's only one country in the world that taxes nobel prize money. i bet you you can guess who that is. it's america. it depends on your tax rate but it's going to be a lot. >> a pretty penny there. all right, thank you very much. more news ahead. >> absolutely, live report, stick around. ♪ we were skipping stones and letting go ♪ [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley. ♪ nature valley granola bars, nature at its most delicious. crispy granola, layered with creamy peanut butter or rich dark chocolate flavor. 90 calories. 100% natural. and nature...approves. granola thins. from nature valley. nature at its most delicious. >>> then when i go out, i see the smoke on the ceiling. i pick up the phone, dial 911, say there's a fire over here. >> a firefighter injured as flames rip through an east bay strip mall overnight. the wall of fire that had firefighters backing out of that blaze. >>> plus, a
there's only one country in the world that taxes nobel prize money. i bet you you can guess who that is. it's america. it depends on your tax rate but it's going to be a lot. >> a pretty penny there. all right, thank you very much. more news ahead. >> absolutely, live report, stick around. ♪ we were skipping stones and letting go ♪ [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from...